People’s Daily Online Shares Suspended After Excessive Trading
Posted: 5/3/2012 | By: Steven Millward | PaidContent
We knew that shares in People’s Daily Online (SHA:603000), China’s government-backed news website, were hot, but apparently they’re a little too hot to handle.
The stocks were suspended in morning trading on the Shanghai Stock Exchange today after excessive trading had pushed its price up by just over 100 percent from its initial listing at 20 RMB per share last Friday.
The stocks were suspended in morning trading on the Shanghai Stock Exchange today after excessive trading had pushed its price up by just over 100 percent from its initial listing at 20 RMB per share last Friday.